And a couple more things. When the patents for IBOC expire, there will be no stampede to start cranking out open-source HD products because the technology is too flawed. It's a stiff now. It will still be a stiff then.
And from someone who's old enough to have been there: nobody ever said "there is no future in FM." Early adopters back in the 1940s and 1950s who were AM operators had, in some cases, FM licenses which either went unbuilt or which were operated briefly and then shut off. But that had nothing to do with any technical faults with FM. AM was fantastically profitable in that era and nobody had FM receivers; consumer dollars were going into TV and, somewhat later, high-fidelity audio systems and color TV. So FM was shoved aside until receivers got better, simpler and cheaper. That coincided with the FCC's limiting AM-FM simulcasting. As soon as those things happened, FM's rise became meteoric.
And from someone who's old enough to have been there: nobody ever said "there is no future in FM." Early adopters back in the 1940s and 1950s who were AM operators had, in some cases, FM licenses which either went unbuilt or which were operated briefly and then shut off. But that had nothing to do with any technical faults with FM. AM was fantastically profitable in that era and nobody had FM receivers; consumer dollars were going into TV and, somewhat later, high-fidelity audio systems and color TV. So FM was shoved aside until receivers got better, simpler and cheaper. That coincided with the FCC's limiting AM-FM simulcasting. As soon as those things happened, FM's rise became meteoric.